Zip, founded in 2020, is an AI-powered procurement orchestration platform designed to help enterprises manage their spending from intake through to payment. The company's core product, the Zip Platform, integrates across disparate enterprise systems and automatically routes procurement requests for approval across finance, legal, IT, security, and other teams. It is used to manage billions of dollars in spend.
The company has raised $370 million in funding and was valued at $2.2 billion. It serves over 100 enterprise customers. Zip's technical approach centres on AI-powered orchestration, no-code configuration, and intelligent workflows, positioning it within the enterprise procurement vertical.
Zip was named a Visionary in the 2026 Gartner Magic Quadrant for Source-to-Pay and was recognised in LinkedIn's 2025 Top Startups list.
